Band Coverage:
Narrow the coverage of our fixed-cost margin product to control costs and stack with other crop insurance products.
Customize your coverage to protect the risk you’re really worried about.
Band Coverage offers farmers the same advantages as Fixed-Cost Margin Coverage (FCMC) while providing even greater customization and premium control by lifting the threshold for a claim to reflect the risk you’re most worried about. Band works well for farmers that want to stack the benefits of our fixed-cost margin coverage product.
Revenue
Investment
Band Coverage offers fixed cost protection for the risk you’re most worried about.
Features & Benefits
Protect the top-end of your eligible gross-margin
Our Fixed-Cost Margin Coverage product is designed to protect your farm’s gross margin. Band Coverage gives farmers the ability to customize that coverage to insure a specific portion of your farm’s gross margin between a maximum level and your input costs break-even point at the bottom. Band coverage lets farmers focus on the risks you’re most worried about while controlling premiums.
You’ll cover your direct (input) costs, we’ll protect a portion of your fixed costs
With Band Coverage, you’re responsible for covering losses up to the point they meet your farm’s direct input costs and your fixed cost up to the bottom of the gross-margin band you choose. Most often, farmers that choose this option have other coverages in place to help bridge any shortfalls. Band Coverage stacks with those other coverages effectively, adding a new level of protection to your existing risk management portfolio.
“Our Fixed-Cost Margin Coverage product is designed to protect your farm’s gross margin. Band Coverage gives farmers the ability to customize that coverage to insure a specific portion of your farm’s gross margin between a maximum level and your input costs break-even point at the bottom. Band coverage lets farmers focus on the risks you’re most worried about while controlling premiums.
With Band Coverage, you’re responsible for covering losses up to the point they meet your farm’s direct input costs and your fixed cost up to the bottom of the gross-margin band you choose. Most often, farmers that choose this option have other coverages in place to help bridge any shortfalls. Band Coverage stacks with those other coverages effectively, adding a new level of protection to your existing risk management portfolio.
HOW IT WORKS
Production Cost Insurance
Band Coverage: Multi-peril Production Cost Insurance
You cover the cost of your direct inputs and a portion of your fixed-costs, up to the floor of the band you choose.
Seed
Fertilizer
Chemical
We cover a portion of your gross-margin, from the floor to the top of the band you choose, protecting your ability to manage fixed costs and keep your long-term plan on-track.
Input
Coverage
Premiums
This option provides farmers with sophisticated risk management strategies and a strong understanding of their financials with the option to cover a specific range of their gross-margin coverage eligibility. Band can enhance an existing risk management portfolio by stacking with other crop insurance products at a lower premium.
If you’re confident in your ability to cover or insure the direct costs of this year’s crop and a portion of your fixed-costs, Band coverage can provide protection at the top-end at a premium that fits your crop insurance portfolio.
Farmers are using Production Cost Insurance to drive better results
Every farm is different. We've got options.
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Case Study
Band Coverage
Ida wanted something that would offer price protection, while stacking with her current insurance products.
View Case Study